Westwood Holdings Group Inc. Has $29.02 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Westwood Holdings Group Inc. cut its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 17.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,451,354 shares of the real estate investment trust’s stock after selling 521,794 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Sunstone Hotel Investors were worth $29,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sunstone Hotel Investors in the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC grew its position in shares of Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,448 shares during the period. Sterling Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 805.2% in the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 5,701 shares during the period. KBC Group NV grew its position in shares of Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,249 shares during the period. Finally, FIL Ltd grew its position in shares of Sunstone Hotel Investors by 140.2% in the 4th quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 6,634 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Down 0.4%

SHO opened at $8.88 on Tuesday. Sunstone Hotel Investors, Inc. has a 1-year low of $7.45 and a 1-year high of $12.41. The stock’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $10.38. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.77 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $234.07 million for the quarter, compared to analysts’ expectations of $243.34 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors’s payout ratio is 360.00%.

Analyst Ratings Changes

SHO has been the subject of a number of recent research reports. Evercore ISI raised Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Friday. Morgan Stanley reduced their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group reduced their price target on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Bank of America raised Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $10.25.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.